1021 Locust St
About This Property
hardwood floors throughout with a well-designed and spacious primary suite on the main level.
Primary suite includes a 5-piece bath, dual closets, vaulted ceilings, great natural light from 22 windows, and direct access to private backyard and patio. Functional, open concept living and dining area. Save on energy bills this winter while enjoying the warm, radiant heat from the home's functional wood burning stove. Great storage throughout the house with extra large walk-in pantry, two extra storage closets in the sunroom, separate laundry room, attached one-car garage and backyard shed. Beautiful landscaping with backyard patio great for outdoor dining and dog run with separate access to home.
Updates include: interior and exterior paint, refinished hardwood floors, whole house central A/C and humidifier with two separate zones, new attic insulation and duct work. Large driveway, professional landscaping with sprinkler system and new storage shed in backyard. This location can't be beat. Enjoy the quiet and peaceful Montclair neighborhood while still being near King Soopers, Safeway, multiple cafes and restaurants, and neighborhood parks. Quick trip to Trader Joe's and new 9th & CO shops, restaurants, and movie theater or to Lowry Town Center with beer garden and brand new Target. Unique Montclair home ideally located with 1700 sq ft on main level.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017